OLD ORCHARD BEACH – It’s less than a two-minute walk – not even one block, in fact – from the front porch of this home to the fine sand and rolling surf of one of Maine’s best beaches, renowned for extending miles in a lovely crescent from Pine Point to Camp Ellis.
So, the buyer of this property will be making quite the lifestyle investment, and one with a key sweetener. This is a multifamily. The main house comes with a separate building that has a pair of two-bedroom, one-bath apartments, an upstairs and a downstairs unit, that were gutted and completely redone in 2014.
One could owner-occupy one dwelling, and rent the other two; rent all three; or arrange some combination of these options on a seasonal basis. Significant income will be realized in each case: $3,300 weekly for the house, and $1,250 weekly for each apartment, in high season.